U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Monday.

Shares of Terns Pharmaceuticals, Inc. (NASDAQ:TERN) rose sharply in today's pre-market trading session.

The company announced a top-line data from its Phase 1 randomized, double-blind, placebo-controlled single and multiple-ascending dose trial to assess the safety, tolerability, pharmacokinetics and pharmacodynamics of TERN-601 dosed once-daily in healthy adults with obesity or overweight.

Terns Pharmaceuticals shares jumped 20.2% to $9.38 on Monday.

Here are some other big stocks recording gains in today's session.

• Summit Therapeutics Inc. (NASDAQ:SMMT) shares jumped 45.2% to $17.82 after the announced its lung cancer candidate has surpassed Merck's multi-billion dollar Keytruda, cutting the risk of disease or death by half.
• Relay Therapeutics, Inc. (NASDAQ:RLAY) gained 41% to $8.80 after the company reported interim data for its breast cancer treatment.
• ADMA Biologics, Inc. (NASDAQ:ADMA) climbed 16.5% to $18.95 after it was announced the company will join the S&P SmallCap 600.
• Emerald Holding, Inc. (NYSE:EEX) gained 15% to $6.16.
• Stardust Power Inc. (NASDAQ:SDST) climbed 14% to $7.90.
• SunOpta Inc. (NASDAQ:STKL) gained 13.4% to $6.36.
• Mercer International Inc. (NASDAQ:MERC) rose 12.8% to $6.41. Adient will replace Mercer International in the S&P SmallCap 600.
• Zurn Elkay Water Solutions Corporation (NYSE:ZWS) gained 12.6% to $33.46.
• Applied Digital Corporation (NASDAQ:APLD) jumped 11.8% to $5.09. Needham analyst John Todaro reiterated Applied Digital with a Buy and maintained a price target of $11.
• Palantir Technologies Inc. (NASDAQ:PLTR) climbed 10.5% to $33.51 after the company announced an enterprise agreement with BP to extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir's AIP software.
• Inspire Medical Systems, Inc. (NYSE:INSP) gained 10.3% to $217.08 after it was announced the company will join the SmallCap 600.
• Impinj, Inc. (NASDAQ:PI) gained 10.2% to $172.65 after it was announced the company will join the S&P SmallCap 600.
• Compass, Inc. (NYSE:COMP) rose 10.2% to $5.68.
• Trump Media & Technology Group Corp. (NASDAQ:DJT) gained 10% to $18.82.
• ImmunityBio, Inc. (NASDAQ:IBRX) rose 9% to $3.6850 after the company presented long-term overall survival data in non-small cell lung cancer patients and announced registrational intent Phase 3 trials with ANKTIVA and checkpoint immunotherapy at the World Conference on Lung Cancer.
• Hamilton Lane Incorporated (NASDAQ:HLNE) gained 7.9% to $157.26 after ht was announced the company will be added to the S&P MidCap 400.
• MicroStrategy Incorporated (NASDAQ:MSTR) gained 6.6% to $121.81.
• The Boeing Company (NYSE:BA) gained 3.7% to $163.55 following the announcement of a preliminary agreement between the company and its workers' union, potentially averting a strike that could have disrupted operations.
• Tesla, Inc. (NASDAQ:TSLA) rose 3.6% to $218.32 after its supplier Panasonic announced it completed preparations for mass production of high-capacity EV batteries. It's set to produce 4680 cells at the Wakayama plant.

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